Brinker International, Inc. (NYSE:EAT) EVP Kelli Valade sold 4,905 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $43.37, for a total value of $212,729.85. Following the completion of the transaction, the executive vice president now owns 74,068 shares in the company, valued at approximately $3,212,329.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kelli Valade also recently made the following trade(s):

  • On Wednesday, June 13th, Kelli Valade sold 4,224 shares of Brinker International stock. The shares were sold at an average price of $49.59, for a total value of $209,468.16.

Shares of NYSE:EAT traded down $1.50 during trading on Monday, hitting $46.00. 1,028,600 shares of the company were exchanged, compared to its average volume of 1,359,001. The company has a market cap of $1.94 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.40 and a beta of -0.04. Brinker International, Inc. has a 52-week low of $29.94 and a 52-week high of $54.14. The company has a debt-to-equity ratio of -2.09, a current ratio of 0.36 and a quick ratio of 0.30.

Brinker International (NYSE:EAT) last posted its earnings results on Tuesday, August 14th. The restaurant operator reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19. The firm had revenue of $817.10 million for the quarter, compared to the consensus estimate of $817.93 million. Brinker International had a negative return on equity of 26.82% and a net margin of 4.01%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 earnings per share. analysts expect that Brinker International, Inc. will post 3.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Friday, September 7th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.52 annualized dividend and a dividend yield of 3.30%. Brinker International’s dividend payout ratio is currently 43.43%.

Large investors have recently bought and sold shares of the business. Hartford Investment Management Co. purchased a new stake in shares of Brinker International during the second quarter worth $279,000. Jennison Associates LLC bought a new position in shares of Brinker International during the second quarter valued at about $1,500,000. Principal Financial Group Inc. grew its stake in shares of Brinker International by 1.8% during the first quarter. Principal Financial Group Inc. now owns 203,678 shares of the restaurant operator’s stock valued at $7,353,000 after buying an additional 3,638 shares during the last quarter. Cooke & Bieler LP grew its stake in shares of Brinker International by 1.6% during the first quarter. Cooke & Bieler LP now owns 1,551,302 shares of the restaurant operator’s stock valued at $56,002,000 after buying an additional 24,212 shares during the last quarter. Finally, Ausdal Financial Partners Inc. bought a new position in shares of Brinker International during the second quarter valued at about $211,000.

EAT has been the topic of several research analyst reports. Barclays upped their price objective on Brinker International from $46.00 to $50.00 and gave the company a “$49.71” rating in a research note on Wednesday, July 18th. TheStreet upgraded Brinker International from a “c” rating to a “b-” rating in a research note on Wednesday, May 16th. Maxim Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Brinker International in a research note on Tuesday, August 7th. Zacks Investment Research upgraded Brinker International from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, July 3rd. Finally, BMO Capital Markets set a $43.00 price objective on Brinker International and gave the company a “hold” rating in a research note on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.33.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 28, 2017, it owned, operated, or franchised 1,674 restaurants comprising 1,622 restaurants under the Chili's Grill & Bar brand name; and 52 restaurants under the Maggiano's Little Italy brand name.

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